The death of Manmohanomics

On 14 November, top Finance Ministry officials made a crucial PowerPoint presentation to the global credit rating agency, Moody’s. Scared that the latter may downgrade India’s sovereign rating, as it had done with the country’s banking sector the previous week, the bureaucrats listed out a dozen big-ticket reforms that UPA-II had initiated in the recent past. It was an aggressive attempt to conclusively prove that there was no policy paralysis within the Government.

Read Full Story>>